Did you know that the US Government filed for Chapter 11 protection on March 9, 1933?

The Day America Went Bankrupt - And Into Chapter 11 Protection!

Did you know that the United States of America - the world’s most powerful country and economy - actually went bankrupt?

Not many people know this, but it’s true.

On March 9, 1933 America filed for Chapter 11 protection and has not been able to recover since.

President Roosevelt by Executive Orders 6073, 6102, 6011, and by Executive Order 6260 on March 9, 1933 under the “Trading With The Enemy Act” place the United States under bankruptcy protection. Congress ratified the bankruptcy on June 5, 1933 through the “Joint Resolution To Suspend The Gold Standard And Abrogate The Gold Clause, June 5, 1933.” A search on FindLaw will confirm this scenario which is not even known by most people. In effect, the Gold Standard was supplanted by the current state of financial affairs existing which is the financial notes being issued by the Federal Reserve Bank are now considered “legal tender” by all who use them. Gold had been relegated to a secondary status by the politicians when in fact gold is the one and only, true, long term and indestructible store of value or “money” ever created.

It has achieved this status, not by the politicians who can write legislation all day long and then change it as soon as they feel they must, but by the innate and inexorable value rights conferred on gold by our creator. Because gold is so rare and found only in certain places on the globe its value will always remain high as opposed to the value of currency [the dollar] which is a man-made creation and has no intrinsic value other than what politicians and the market give to it. The value of the currency is directly related to the state of the economy: the stronger the economy, the stronger the currency; the weaker the economy the weaker the currency. Or is it the other way around? No matter, it will all work out in the end.

One can confirm all these transaction by researching 12 USC 95a and 95b. Title 5 of the United States Code lists the various Reorganization Acts and are legal public records and historical proofs that these vents happened. Why they are not well known is any one’s guess.

As a matter of fact, a former politician who subsequently went to prison for crimes he later committed, had this to say about the entire events:

"Mr. Speaker, we are here now in chapter 11.. Members of Congress are official trustees presiding over the greatest reorganization of any Bankrupt entity in world history, the U.S. Government. We are setting forth hopefully, a blueprint for our future. There are some who say it is a coroner’s report that will lead to our demise.

It is an established fact that the United States Federal Government has been dissolved by the Emergency Banking Act, March 9, 1933, 48 Stat. 1, Public Law 89-719; declared by President Roosevelt, being bankrupt and insolvent. H.J.R. 192, 73rd Congress m session June 5, 1933 - Joint Resolution To Suspend The Gold Standard and Abrogate The Gold Clause dissolved the Sovereign Authority of the United States and the official capacities of all United States Governmental Offices, Officers, and Departments and is further evidence that the United States Federal Government exists today in name only.

The receivers of the United States Bankruptcy are the International Bankers, via the United Nations, the World Bank and the International Monetary Fund. All United States Offices, Officials, and Departments are now operating within a de facto status in name only under Emergency War Powers. With the Constitutional Republican form of Government now dissolved, the receivers of the Bankruptcy have adopted a new form of government for the United States. This new form of government is known as a Democracy, being an established Socialist/Communist order under a new governor for America. This act was instituted and established by transferring and/or placing the Office of the Secretary of Treasury to that of the Governor of the International Monetary Fund. Public Law 94-564, page 8, Section H.R. 13955 reads in part: "The U.S. Secretary of Treasury receives no compensation for representing the United States?’[Speaker-Rep. James Traficant, Jr. (Ohio) addressing the House.]

Gold and Silver have been historically the monies of the world. Up to that point in time the politicians in America believed and declared that the only “money” in the country could be gold and silver coins. But having to carry around bullion to do daily transactions is clearly not conducive to transacting business so they began to store it in bank safes and the banks then issued their coupons [bank notes, or “currency“] to expedite commerce. People began transacting their business and accepting and also giving these bank notes as settlement of their proper debts. Before long, “money” was born and began to be the norm in the economy. But currency is not “money”, it is only a convenient method of settling debts so long as everyone has confidence in the currency and is willing to accept it. When that currency, however, loses its value people begin to stop accepting it and pretty son it starts to become worthless. These notes issued by the banks did not have the backing of the Federal Reserve System, so when anyone wanted to exchange these notes for gold, the “Fed” would not accept those notes and pay in gold. In its final analysis, a Federal Reserve note is only a debt obligation of the United States government, and is not “money”, but rather a money substitute. The American Constitution authorizes the American government to issue only lawful money, I.e. gold and silver coins, and not currency or fiat money.

The accumulation of wealth therefore means the accumulation of gold and silver coins which are the only true stores of value in any world government. Accumulating these coins increases one’s wealth and make one rich. Accumulating paper currency, however, does not make one wealthy as there is nothing backing those notes, not even the Federal Reserve System! How ironic is that?

One can ponder the question of how does one get wealthy in view of these definitions and valuations when what people consider “money” is not really money? People do not have money unless they hold gold bullion and silver ingots. The majority of Americans have never been “paid” in their life. They have instead been trading their time and receiving worthless paper currency that can only become less and less valuable over time, so accumulating that “money” cannot make one wealthy as it is not really money, but a worthless obligation of a government that does not even back it own notes. In effect, people might as well be receiving toilet paper as compensation for their 40 hour week for all the value they will be getting. At least with toilet paper, one can put it to good use at least once a day! Looking at things in this manner, it is easy to understand why one ha no money and constantly feels “broke“. And furthermore, why one is truly “bankrupt” in every sense of the word.

When you understand that the majority of the population is in a similar state as you are, and the country is no different, you begin to realize that we are all bankrupt.